Gold price correction was long overdue and I am not buying or selling the precious metal right now, said Jim Rogers, Chairman of Rogers Holdings. "I will buy gold if prices come down," Rogers told ET Now. According to Rogers, investors are now getting out of physical gold. "I suggest buying into crude if prices fall sharply," Rogers said. Within the commodity space, Rogers is bullish on nickel, lead in base metals. - in ET Now
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.